Mastercard Incorporated $MA Shares Sold by Catalina Capital Group LLC

Catalina Capital Group LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 22.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 786 shares of the credit services provider’s stock after selling 223 shares during the quarter. Catalina Capital Group LLC’s holdings in Mastercard were worth $442,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Family Legacy Financial Solutions LLC acquired a new position in shares of Mastercard in the 2nd quarter valued at $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Mastercard during the 1st quarter worth $27,000. Keystone Global Partners LLC purchased a new stake in shares of Mastercard during the 1st quarter worth $31,000. Hughes Financial Services LLC purchased a new stake in shares of Mastercard during the 1st quarter worth $34,000. Finally, 1 North Wealth Services LLC purchased a new stake in shares of Mastercard during the 1st quarter worth $44,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Mastercard stock opened at $577.76 on Friday. The stock has a market cap of $522.30 billion, a P/E ratio of 38.96, a price-to-earnings-growth ratio of 2.35 and a beta of 0.97. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a 50 day moving average of $580.00 and a 200-day moving average of $561.32. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.50 EPS. On average, analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is currently 20.50%.

Analyst Ratings Changes

Several equities research analysts recently commented on MA shares. Morgan Stanley boosted their price objective on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. KeyCorp upped their price objective on shares of Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 target price for the company. Finally, Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $630.89.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,391 shares of company stock worth $20,836,514. Corporate insiders own 0.09% of the company’s stock.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.